UBS Group Issues Pessimistic Forecast for Jones Lang LaSalle (NYSE:JLL) Stock Price

Jones Lang LaSalle (NYSE:JLL - Free Report) had its price objective cut by UBS Group from $340.00 to $305.00 in a research note released on Friday,Benzinga reports. They currently have a buy rating on the financial services provider's stock.

Other equities analysts have also recently issued research reports about the company. StockNews.com raised Jones Lang LaSalle from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 22nd. JPMorgan Chase & Co. dropped their target price on shares of Jones Lang LaSalle from $327.00 to $285.00 and set an "overweight" rating for the company in a report on Thursday. Finally, Raymond James upped their price objective on shares of Jones Lang LaSalle from $317.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 24th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $323.33.

Jones Lang LaSalle Price Performance

Shares of NYSE:JLL traded up $3.87 during trading on Friday, reaching $214.81. 280,775 shares of the company traded hands, compared to its average volume of 312,301. The firm has a market capitalization of $10.18 billion, a PE ratio of 19.03 and a beta of 1.22. Jones Lang LaSalle has a 52 week low of $171.45 and a 52 week high of $288.50. The company has a quick ratio of 2.29, a current ratio of 2.00 and a debt-to-equity ratio of 0.12. The company's 50 day moving average is $252.96 and its two-hundred day moving average is $261.28.

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Jones Lang LaSalle (NYSE:JLL - Get Free Report) last released its earnings results on Wednesday, February 19th. The financial services provider reported $6.15 EPS for the quarter, beating the consensus estimate of $5.76 by $0.39. The firm had revenue of $6.81 billion for the quarter, compared to analyst estimates of $6.65 billion. Jones Lang LaSalle had a net margin of 2.33% and a return on equity of 10.20%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $4.23 EPS. As a group, sell-side analysts predict that Jones Lang LaSalle will post 16.45 earnings per share for the current year.

Institutional Trading of Jones Lang LaSalle

Several institutional investors have recently added to or reduced their stakes in JLL. Private Trust Co. NA boosted its stake in shares of Jones Lang LaSalle by 112.0% in the 4th quarter. Private Trust Co. NA now owns 106 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 56 shares during the last quarter. R Squared Ltd bought a new stake in Jones Lang LaSalle during the fourth quarter valued at $35,000. Principal Securities Inc. grew its holdings in Jones Lang LaSalle by 166.7% during the 4th quarter. Principal Securities Inc. now owns 176 shares of the financial services provider's stock worth $45,000 after acquiring an additional 110 shares during the period. MassMutual Private Wealth & Trust FSB raised its position in shares of Jones Lang LaSalle by 35.7% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 194 shares of the financial services provider's stock worth $49,000 after acquiring an additional 51 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in shares of Jones Lang LaSalle by 52.9% in the 4th quarter. V Square Quantitative Management LLC now owns 208 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 72 shares during the period. 94.80% of the stock is currently owned by institutional investors.

About Jones Lang LaSalle

Jones Lang LaSalle Incorporated operates as a commercial real estate and investment management company. It engages in the buying, building, occupying, managing, and investing in a commercial, industrial, hotel, residential, and retail properties in Americas, Europe, the Middle East, Africa, and the Asia Pacific.